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Property profile & analytics
OFF-MARKET
Estimated value
$7,395,000
Investment properties
108 Ss St, New York, NY 10038-2054
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US63-0975376
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1830
Total area
6,251 SF
Lot
0.03 ac (1,356 SF)
Zoning code
C62A
APN
00097-0008
UPID
US63-0975376
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Di Fara Pizza Restaurant
-
Raimondo Galeano Artist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.24M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.40M
Owner & transaction history
108 And 119 South Street LLC · 3 yrs held
108 And 119 South Street LLC
since 2023
Last sale
$7.6M
7 recorded transactions
Zoning & alternative use
C62A · New York, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$8.2M
+81.5%
Warehouse, storage
$5.1M
+12.8%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs New York submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs New York submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$7,145,000
ML approach
$7,240,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$4,530,000
Current use
RETAIL STORES
$8,220,000
Change: +81% · Conversion: Easy
WAREHOUSE, STORAGE
$5,110,000
Change: +13% · Conversion: Difficult
Blend value · Realmo final
$7.40M
Range $6.66M – $8.13M · ±10% · vs last sale $7.60M (Jun 26 2023)
Last sale anchor
$7.60M
Jun 26 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$1,183 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$51,081
Tax year 2024
Assessed value
$408,580
Assessed 2024
Previous assessed
$408,580
+0.0% YoY
Effective rate
12.50%
On assessed value
Assessed land
$32,797
Assessed improvement
$375,783
Land market value
$249,000
Improvement market value
$2,853,000
Total market value
$3,102,000
Applied tax rate
4.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1830
Heating
NONE
Buildings
1
Stories
5
Units
4
Total area
6,251 SF
Lot
0.03 ac (1,356 SF)
Zoning code
C62A
APN
00097-0008
UPID
US63-0975376
Jurisdiction
NEW YORK(MANHATTAN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C62A · New York, NY
Zoning C62A · permitted uses
C62A · New York, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
New York. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$4.5M
RETAIL STORES
Est. value
$8.2M
WAREHOUSE, STORAGE
Est. value
$5.1M
COMMERCIAL (GENERAL) Current
RETAIL STORES
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1830
Heating
NONE
Stories
5
Buildings
1
Units
4
Lot
0.03 ac
Current owner
From public records · entity-resolved
108 And 119 South Street LLC
Entity
Mailing address
12191 W LINEBAUGH AVE #789, TAMPA, FL 33626-1732
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 26, 2023
$7,600,000
108 And 119 South Street LLC
108 South Street Associates Eb LLC
Deed
—
Mar 8, 2021
—
108 S Street Assocs Eb LLC
—
Deed
related
$6,000,000 · Signature Bk
Aug 21, 2018
—
108 S Street Assocs Eb LLC
108 S Street Assocs I LLC
Quit Claim Deed
$6,000,000 · Signature Bk
Mar 9, 2018
—
108 South Street Assocs I LLC
—
Deed
related
$499,999 · Wfi Invs LLC
Aug 28, 2017
—
108 South Street Assocs I LLC
—
Deed
related
$2,500,000 · Wfi Investments LLC
Jan 19, 2016
—
108 South Street Assocs I LLC
—
Deed Of Trust
related
$2,500,000 · Emerald Crk Cap
Nov 22, 2013
$2,775,000
108 South Street Assocs I LLC
Silvershore Props 25 LLC
Grant Deed
—
Aug 28, 2012
$1,400,000
Silvershore Properties 25 LLC
Presant Family Partnership, L P
Deed
$1,100,000 · Emerald Creek Capital LLC
Feb 10, 2006
$2,400,000
Presant Family Ptshp
R & R 108 South Street Corp
Grant Deed
—
—
—
R
—
Deed Of Trust
related
$52,000 · Massey Knakal Realty Of Manhat
—
—
108 South Street Assocs I LLC
—
Loan Modification
related
$2,500,000 · Wfi Investments LLC
—
—
108 South Street Assocs I LLC
—
Deed Of Trust
related
$499,999 · Wfi Invs LLC
—
—
108 S Street Assocs Eb LLC
—
Loan Modification
related
$6,000,000 · Signature Bk
—
—
108 S Street Assocs Eb LLC
—
Deed Of Trust
related
$6,000,000 · Signature Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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